Q3 2025 Payoneer Global Inc Earnings Call Transcript

Nov 5, 2025 / 01:30 PM GMT

Release Date Price: €4.9 (+3.38%)

Transcript 10-Q8-K

Key Points

Positve

Payoneer Global Inc (PAYO) reported a 15% increase in Q3 revenue excluding interest, marking seven consecutive quarters of mid-teens or greater growth.
The company achieved a 26% adjusted EBITDA margin in Q3, with adjusted EBITDA excluding interest income reaching $12 million.
B2B revenue grew 27% in Q3, now representing roughly 30% of revenue excluding interest, up from 20% in Q1 2023.
Customer funds held on the platform increased by 17% year over year, demonstrating trust in Payoneer's platform.
Payoneer is expanding its product offerings and strategic partnerships, including a partnership with a third-party lender to expand access to capital for customers.

Negative

Transaction costs increased by 12%, representing 15.7% of revenue, primarily due to lower interest income.
Net income decreased to $14 million from $42 million in the prior year period, impacted by a prior year's income tax benefit.
Sales and marketing expenses increased by 14%, driven by higher labor-related costs and increased incentives.
G&A expenses rose by 22%, attributed to higher labor costs and increased legal and consulting fees.
The company anticipates moderation in checkout business growth as it transitions to a partnership with Stripe, which may impact top-line growth in Q4 and into 2026.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PAYO.OQ - Payoneer Global Inc
Q3 2025 Payoneer Global Inc Earnings Call
Nov 05, 2025 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. My name is Colby, and I'll be your conference operator today. At this time, I'd like to welcome you to the Pioneer 3rd quarter 2025 earnings call. All lines have been placed on mute to prevent any background noise, and after the speaker's remarks, there will be a question-and-answer session.

If you'd like to ask a question at that time, please press star, then the number 1 on your telephone keypad. If you'd like to withdraw your question at any time, please press 1 again.

Thank you. I would now like to turn the call over to Michelle Wang. Please go ahead.

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Unidentified_2 [2]

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